Montana § 33-17-604 Waiver Of Certification Requirements

Montana Statutes

§ 33-17-604 — Waiver Of Certification Requirements

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 17 INSURANCE PRODUCERS, ADJUSTERS, CONSULTANTS, AND ADMINISTRATORS·Part 6 Administrators

33-17-604 . Waiver of certification requirements. The commissioner may waive the requirements of 33-17-603 for any person or class of persons. The factors taken into account in granting a waiver include but are not limited to:

(1)whether the person acting as an administrator is primarily in a business other than that of administrator;

(2)whether the financial strength and history of the organization indicates stability in its continuity of doing business;

(3)whether the regular duties being performed as an administrator are such that the covered persons are not likely to be injured by a waiver of the requirements.

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33-17-604 . Waiver of certification requirements. The commissioner may waive the requirements of 33-17-603 for any person or class of persons. The factors taken into account in granting a waiver include but are not limited to:
(1) whether the person acting as an administrator is primarily in a business other than that of administrator;
(2) whether the financial strength and history of the organization indicates stability in its continuity of doing business;
(3) whether the regular duties being performed as an administrator are such that the covered persons are not likely to be injured by a waiver of the requirements.

Montana § 33-17-604 (Waiver Of Certification Requirements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.